Archives for October 2007

October 2007 - Page 4 of 13 - Money Morning - Only the News You Can Profit From

Bear Stearns and China Citic swap $1 Billion Stakes in Each Other

By Mike Caggeso Staff Writer Bear Stearns Cos. Inc. (BSC) and Asia's largest securities firm, China Citic Securities Co., agreed to invest $1 billion in each other. The deal secures broad access to China investment-banking business for Bear Stearns, who lags in China investments compared to its rival Wall Street securities firms. Its third-quarter profit […]

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Global Business News Roundup

Noah IPO Soars; Deal for TMB Bank; Luminent Sues; Resolution Says No Deal; UK High Court Rejects Claim; Bridgestone Expands Shares of Noah Education Holdings Ltd (NED), a China-based provider of online-learning services, soared Friday, the day after its initial public offering (IPO) debuted way above its projected range, Reuters reported. The shares opened at […]

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Oil Heads For $100 a Barrel, While Some Speculators Brace for a Correction

By Jason Simpkins Staff Writer Oil prices may be headed for $100 a barrel by the end of the year, after speculators successfully pushed crude oil prices through the $90 a barrel level late last week. But many Contrarian Investors believe that – despite the continued strong worldwide demand for oil – prices are already […]

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Fed Official Offers Assurance

From Staff Reports U.S. Federal Reserve Governor Randall Kroszner yesterday (Monday) assured investors that the central bank would take the necessary steps to protect the economy and to foster growth. "The Federal Reserve will continue to monitor developments in financial markets and act as needed to support the effective functioning of these markets and to […]

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Caterpillar Hauls a 21% 3Q Profit Growth, Cuts its 2007 Estimates

By Mike Caggeso Staff Writer Caterpillar Inc.’s (CAT) last week reported a 21% gain in third-quarter profit, but then cut its earnings outlook for the rest of the year, citing the slowing U.S. economy and the lousy U.S. housing market. The Peoria, Ill-based ]heavy-equipment manufacturer reported net income of $927 million, an increase of 21% […]

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Chinese Inflation Continues Unabated, Reported at 6.2% for September

By Jason Simpkins Staff Writer China had a 6.2% inflation rate for September, and can expect inflation to continue at that high rate for “a few months,” – despite renewed efforts to hold down the general level of prices – the National Development and Reform Commission, China’s top agency for economic planning, has reported. The […]

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The One Russian Emerging Market With the Most Profit Promise

By Martin Hutchinson Director of Global Investing Research Readers may well have missed the news that Ukraine is currently putting together a new coalition government led by reformist Julia Tymoshenko. “So what?” you may ask. “I can’t know everything. And besides, how do you ever expect me to make a buck out of Ukrainian politics, […]

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As you’ll see in our just-published research report – Nine Ways to Profit from the Diving Dollar – we’ve identified the most important steps you can take to protect your portfolio and your buying power during the months ahead. And also how to turn this tough market environment into oversized profits, to boot. By signing […]

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Record Oil Prices Continue to Push Canada’s Dollar, Inflation

From Staff Reports Surging oil prices have pushed inflation in Canada to its highest rate since May 2006, Bloomberg reported Friday. And right behind it, not surprisingly, Canada’s dollar hit a 33-year high of $1.0344 (one dollar equals 96.67 Canadian cents) — quelling U.S. hopes the Bank of Canada would cut interests rates. The Canadian […]

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